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A Black-owned firm based mostly in Chicago is giving again to the group whereas providing others an opportunity to make an funding of their enterprise.
The corporate, The Black Bread Firm, which was not too long ago featured on CBS Chicago, launched final 12 months in February of 2021 to commemorate Black Historical past Month. The homeowners, Charles Alexander, Mark Edmond, and Jamel Lewis who all hail from the Southside of Chicago, put their heads collectively and got here up with an thought: to be one of many first Black-owned sliced bread corporations on this planet.
The thought of pre-sliced packaged bread didn’t come into existence till 1928. That’s when the brand new merchandise was launched and offered.
“What’s loopy is it took 100 years for Black individuals to be a part of this business,” Alexander instructed CBS Chicago. “To reap the advantages of our households and our group consuming bread each day.”
A part of their enterprise is giving again to the group they grew up in.
“You can begin a enterprise, achieve success in enterprise and nonetheless be about your individuals and the place you come,” Alexander mentioned.
All three homeowners are graduates of Kenwood Academy and they’re educating the teachings they’ve acquired over time to college students attending Chicago Public Colleges.
“Thirty for 30,” Alexander explains. “Our objective is to hit 30 CPS colleges in 30 days or extra. Freed from cost. We simply need to come and present like to encourage and encourage and say we had been in these seats and look what we did.”
They’re additionally together with individuals in investing by means of a crowdfunding challenge on Begin Engine. The homeowners are giving on a regular basis individuals an opportunity to spend money on The Black Bread Firm. You possibly can make investments anyplace from $250 to $20,000, which has totally different ‘rewards’ for every stage of funding {dollars} spent.
Traders are capable of purchase into the enterprise for $2.78 per share and a minimal buy-in of $250.20. In simply inside 45 days, Lewis mentioned, “Over a thousand traders and over $700,000 {dollars} in investments, so now our group has a stake in our firm.
“We’re pleased with that, being a part of our group studying and rising collectively and being open to new concepts and possession.
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